Business, 25.07.2020 19:01 daniel1480

A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2015. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. What is interest expense for 2016, using straight-line amortization

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A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2015. Interest is paid o...

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